JUSSI KUUTSA TO LEAVE STOCKMANN IN AUTUMN 2010

STOCKMANN plc Investor News 18.12.2009

JUSSI KUUTSA TO LEAVE STOCKMANN IN AUTUMN 2010

Jussi Kuutsa, Development Director for the Stockmann Group's international operations and member of the Group's Management Committee, has decided to resign from his present duties in order to take up a post at SRV Group, where he will be Country Manager, Russia as of 1 August 2010. Stockmann and SRV have agreed that despite his change of employer, Kuutsa will retain responsibility for the inauguration of the Nevsky Centre shopping centre and department store property, which is Stockmann's major investment project currently under construction in St Petersburg. The intention is to open the property for commercial use in mid-November 2010.

STOCKMANN plc

Juhana Häme Manager, Corporate Communications

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